Dept. of Treasury - Capital Projects Fund. Due 8/15/2022. $9.8B Available.
Capital Projects Fund
The COVID-19 public health emergency revealed and continues to reinforce our understanding that communities without access to high-quality modern infrastructure, including broadband, face impediments to fully participating in aspects of daily life, such as remote work, telehealth, and distance learning. Treasury is launching the Capital Projects Fund to allow recipients to invest in capital assets that meet communities’ critical needs in the short- and long-term, with a key emphasis on making funding available for broadband infrastructure. The Capital Projects Fund aims to:
Directly support recovery from the COVID-19 public health emergency by strengthening and improving the infrastructure necessary for participation in work, education, and health monitoring that will last beyond the pandemic.
Enable investments in capital assets designed to address inequities in access to critical services.
Contribute to the Administration’s goal of providing every American with the modern infrastructure necessary to access critical services, including a high-quality and affordable broadband internet connection.
A key priority of this program is to make funding available for reliable, affordable broadband infrastructure and other digital connectivity technology projects. Recipients may also use funds for certain other capital projects, such as multi-purpose community facilities, that enable work, education, and healthcare monitoring, including remote options. The program encourages recipients to focus on economically distressed areas, support community empowerment, and adopt strong labor practices.
States, Territories, Freely Associated States, and Tribal Governments
Total Amount Available:
States, District of Columbia, and Puerto Rico $9.8 billion
Territories & Freely Associated States $100 million
Tribal Governments $100 million
Type Deadline to Request Funding Deadline to Submit Grant Plan
States, Territories December 27, 2021 September 24, 2022
Tribal Governments August 15, 2022 Not Applicable
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